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Invitation Homes Owns A Portfolio Of Over 85,000 Single-Family Rental Homes. The Company Focuses On Owning Homes In The Starter And Move-Up Segments Of The Housing Market With An Average Sale Price Of Around $375,000 And Generally Less Than 1,800 Square Feet. The Portfolio Is Spread Across 17 Target Markets That Feature High Employment And Household Formation Growth, With Two-Thirds Of The Portfolio In The Western Us And Florida; 15 Of The 17 Markets Feature Average Rents Lower Than Homeownership Costs.